Now Reading
We Have Movement!
113

We Have Movement!

We Have Movement!

by The MoleAugust 15, 2013

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

Plenty of juicy setups yesterday evening and we’ve had movement across the board overnight – I hope you guys are present an accounted for. Here is the E-Mini which proceeded downward almost immediately after the close. We are now in an IP-S short and although I cannot promise that it’ll go anywhere there is nothing for us to do but sit and wait right now.

The NQ a bit more bullish recently than the spoos and I’m not surprised that the IP-S breach has not progressed as far.

You may remember the hammer long on crude yesterday – so far in good shape and you had to chances to jump in – at the IP trigger and at the NLBL breach near 107.27.

The Dollar is in the process of triggering its IP-S – but not mojo in this one just yet.

Platinum – also triggered its hammer (yesterday’s highs) and I’m now long with a stop near the 1,484.3 NLSL.

EUR/USD – our IP-L triggered overnight but pulled back near the upper trigger. You recall that this is one of my favorites right now.

Silver – yes, I know this is a daily chart. We’ve had a good ride to the upside – you may recall our inside week setup a few weeks ago – plus there was the monthly SMA play. Anyway, I’m expecting some resistance shortly so you may want to scale out and wait for instructions. On the short term side look for a breach of the 25-hour SMA. Although this would be a brief play – plenty of support below.

More below – please step into my lair:

evil_separator

It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.

Cheers,

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator